oring2020 - Section 1 Meyer Company reported net income of 95,000 for the year. During the year, accounts receivable increased by 7,000, accounts payable decreased by 3,000 and depreciation expense of 5,000 was recorded. Net cash provided by operating activities for the year is Select one: a. 90,000 O b. 110,000 o c. 94,000. d. 95,000 Next page al 2 Spring 2020 - Section 1 24 At what amount should the building be recorded? ed out of Flag estion Select one: c a. 90,000 b. 54,000 c. 180.000 d. 60,000 Previous page a O p11:00 wawas OX moodle. BT laulachiasol CCT102_Spring2020 - Section 1 Question 25 Which of the following partnership characteristics is a disadvantage? Not yet answered Marked out of P Flag question Select one: a. Unlimited liability b. Co-ownership of partnership property. c. Voluntary association d. Participation in partnership income Previous page word .edu.sa 100 Marked out of Select one: a. Cost of lettering on side of truck O b. Accident insurance c. Sales tax o d. Freight charges Which one of the following items is not considered a part of the cost of a truck purchased for business use? pring2020 - Section 1 Engler Company purchases a new delivery truck for $56,000. The sales taxes are $3,000. The logo of the company is painted on the side of the truck for $1,200. The truck license is $120. The truck undergoes safety testing for $220. What does Engler record as the cost of the new truck? Select one: O a. $58,420 b. $59,000 O C . $60,420 O d. $60,540 Next page